Key points from the announcement: https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77
May 23, 2017
We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original Segwit2Mb proposal:
- Activate Segregated Witness at an 80% threshold, signaling at bit 4
- Activate a 2 MB hard fork within six months
The group of signed companies represents a critical mass of the bitcoin ecosystem. As of May 23, this group represents:
- 56 companies located in 21 countries
- 83.28% of hashing power
- 5.1 billion USD monthly on chain transaction volume
- 20.5 million bitcoin wallets
I'm hoping this will be great for all cryptos. We'll see how Core responds to this compromise.